Bloomberg News

Chrysler Sees U.S. Labor Costs at $51 Per Hour in Wages, Benefit

November 04, 2011

Oct. 28 (Bloomberg) -- Chrysler Group LLC, the U.S. automaker majority-owned by Fiat SpA, said its labor costs under a new four-year contract with the United Auto Workers will be competitive at about $51 an hour.

The automaker described the total hourly cost of wages and benefits in a slide as part of its third-quarter earnings conference call. The union announced Oct. 26 that members had ratified the contract. Auburn Hills, Michigan-based Chrysler said the labor costs are competitive with U.S. auto factories owned by international rivals.

To contact the reporter on this story: Jamie Butters in Southfield, Michigan at jbutters@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net


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